ShoreHaven Wealth Partners LLC boosted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 28.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 169,224 shares of the company’s stock after purchasing an additional 37,238 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 4.7% of ShoreHaven Wealth Partners LLC’s portfolio, making the stock its 5th largest position. ShoreHaven Wealth Partners LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $13,034,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Rothschild Investment LLC increased its stake in Avantis Emerging Markets Equity ETF by 192.7% in the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after buying an additional 289 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $36,000. Team Financial Group LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 184.2% during the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after buying an additional 361 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Avantis Emerging Markets Equity ETF by 49.5% during the fourth quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after buying an additional 183 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $65,000.
Avantis Emerging Markets Equity ETF Price Performance
Avantis Emerging Markets Equity ETF stock opened at $98.20 on Thursday. The stock has a market cap of $25.61 billion, a P/E ratio of 12.66 and a beta of 0.72. Avantis Emerging Markets Equity ETF has a 1 year low of $65.66 and a 1 year high of $99.67. The firm’s 50 day moving average price is $89.36 and its 200-day moving average price is $83.80.
About Avantis Emerging Markets Equity ETF
The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.
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